How do I bid for a COE to renew the COE of my existing vehicle?

General 19/11/2015 119 Views
Andre Loh

Hi buddy, is there any COE Financing available to finance the COE over say, 5 years or 10 years?

Like Reply over 2 years ago

1 Answer

Admin

You do not need to bid for a COE for COE renewal. To renew the COE for your existing vehicle for another 10 years, pay the PQP. To renew the COE for another 5 years, pay 50% of the PQP.

Prevailing Quota Premium (PQP) is the moving average of the COE prices (QPs) in the last 3 months.

You can renew your COE online via https://vrl.lta.gov.sg/lta/vrl/action/pubfunc?ID=RenewCOE

0 Upvote Downvote Reply over 2 years ago
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